News

With the Income Tax Return (ITR) filing deadline of July 31 fast approaching, many taxpayers are accessing their Annual Information Statement (AIS) for accurate tax filing.

ITR Filing: Step by Step Guide to Open the Password Protected AIS PDF

Articles

The Income Tax Department has launched a major crackdown using AI tools to detect and act against fake deduction claims and misuse of tax benefits in ITRs.

Income Tax Crackdown: Big Action Against Fake Deductions and Exemptions Claims

On July 14, 2025, the Income Tax Department began search operations across the country targeting individuals and entities who allegedly enabled taxpayers to receive fictitious tax deductions.

80GGC Fraud Exposed: Income Tax Raids Conducted Across India to curb Fake Political Donations

Judgement

Tribunal upholds internal CUP for electricity ALP, accepts cost-based benchmarking for inter-unit steam transfer under Section 80IA.

ITAT Deletes 106 Cr TP Adjustment on Power & Steam Transfers Under Section 80IA

Court affirms ITAT order; holds cash consideration and partial transfer defeats Section 72A(4) applicability.

HC: Partial Asset Transfer Not a Demerger, Carry Forward of Losses Allowed

Notifications

The government has extended the tax exemptions for global pension funds and sovereign wealth funds, including MIC Redwood, Norfund, and others, under the Income-tax Act, 1961, until March 31, 2030.

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ITR Filing: Step by Step Guide to Open the Password Protected AIS PDF

Income Tax Crackdown: Big Action Against Fake Deductions and Exemptions Claims

80GGC Fraud Exposed: Income Tax Raids Conducted Across India to curb Fake Political Donations

ITAT Deletes 106 Cr TP Adjustment on Power & Steam Transfers Under Section 80IA

HC: Partial Asset Transfer Not a Demerger, Carry Forward of Losses Allowed

Income Tax: CBDT Extends Tax Exemptions for Global Pension Funds and Sovereign Wealth Funds